Fish Exports From Nicaragua Growing

In 2013 total production increased by 8% and foreign sales of fish, shrimp , lobsters and seafood, by 28%.

Thursday, February 27, 2014

Fish production last year grew by 8%, with farmed shrimp products having the largest increase. Foreign sales of fish, shrimp, shellfish and lobsters reported a 28% increase compared to 2012, going from $192 million to $246 million at the end of 2013, according to statistics from the Center for Exports.

According to Armando Segura, director of the Chamber of Fisheries in Nicaragua, "over 90 % of fish production goes to the export market. Last year just over 83 million pounds were consumed, while nationally only 8.3 million pounds was consumed".

" ... In the country there is not a lot of culture of eating seafood and secondly there is the influence of international prices, which are much better than the domestic prices."

More on this topic

Guatemala: Fishery Export Figures

August 2018

Spain, Mexico and the United States are some of the markets to which companies in Guatemala export fishery products, registering earnings of more than $36 million so far this year.

From a statement issued by the Guatemalan Exporters Association:

Fishing Industry to Grow 7.5% in 2018

March 2018

According to projections by the Nicaraguan fishing sector, this year growth could be explained, mainly, by the performance of the production of lobster, sea cucumber and fish.

After the local fishing industry registered $282 million in sales abroad in 2017, the Central Bank of Nicaragua and the Nicaraguan Institute of Fisheries and Aquaculture (Inpesca) jointly prepared a projection for 2018, the result of which is an expectation that the sector will grow 7.5%.

Contrasts in Costa Rican Fishing Industry

July 2013

Beyond the overall growth of the sector, fisheries managers say that they are being held back by the high price of fuel and electricity, and high interest rates.

Figures from the Foreign Trade Promotion Office (Procomer) reveal that between January and May three of the four major fishery products increased their exports compared to 2012, fresh or frozen fish grew by 22.46%, tuna 16.59 % and shrimp 59.71% while fish fillets decreased by 5.88%.

Fishing center under construction in Panama

January 2009

With an investment of $2 million, a center for the storage, trading and processing of marine products will be built at Rio Hato. reports: According to the Minister of Trade and Industry, Gisela Porras, the idea of the project is to have a center where fishermen from the area can deliver, sell, store and process their products, thereby strengthening their commercial operations.

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